Calculate the yield to maturity. 15. A $300,000 face value bond carrying a 4% coupon is issued with four years until maturity. A sinking fund with semi-annual payments is set up and is expected to earn 6.35% compounded semi-annually. Construct a complete sinking fund schedule.
A bond is purchased on September 17, 1997, for $28,557.25 with 14 years until maturity. The 6% coupon pays $967.50 every six months. Calculate the yield to maturity. 15. A $300,000 face value bond carrying a 4% coupon is issued with four years until maturity. A sinking fund with semi-annual payments is set up and […]